ArchivesTag : investment
GCC eyes $109bn rail investment in next 10 years
GCC nations are planning to invest $109bn on rail projects in the next 10 years as officials look to solve traffic congestion issues, according to a new report by Kuwait Financial Centre (Markaz).
Road expansion projects will also continue with a total of $14.45bn planned to 2019 but $3.8bn worth of highways work has been cancelled [...]
ADIH exits Porta Reef Fund
Abu Dhabi Investment House (ADIH) has announced the partial exit of its Porta Reef Fund, which funded the purchase and development of three 10-storey residential towers on Reef Island.
‘During the current tough global economic environment, the ADIH team continues to diligently work on safeguarding investors’ interest, said ADIH chief executive officer Fawaz Ali Al Jowder.
‘The [...]
Private company for Bahrain’s $815m expo city
A private company will own and manage the BD307 million ($815 million) Expo City (Expo@bahrain) in Sakhir, Bahrain’s Ministry of Industry and Commerce said yesterday (June 29).
It will be made up of the Bahrain Exhibition and Convention Authority (BECA), the Bahrain Mumtalakat Holding Company, private banks and investors, said Industry and Commerce Minister and BECA [...]
Tamkeen and Bahrain Development Bank boost SME support with crucial support initiatives
Feasibility Study Support and Pre-Seed Capital Support pilot schemes open doors for promising entrepreneurs.
Sanabis, June 21, 2009: In accordance with the National Economic Strategy 2009-2014, a realization of the strategic initiatives “Establishing Entrepreneurship Grants” and “Funding Feasibility Studies” has taken place with the inauguration of two pilot initiatives as a result of the partnership between [...]
Plans unveiled for Bahrain Gateway storage area
With the switch to the Bahrain Gateway port now completed, attention is turning to the finalised plans for a service area providing customs-free storage, warehousing and commercial facilities within the port zone.
The General Organisation of Sea Ports (GOP) has completed the detailed design and drawings of the facility, and is now inviting potential investors to [...]
Record oversubscription for Bahrain’s international Sukuk issuance
The Central Bank of Bahrain announces that the latest Sukuk issuance of the Government of the Kingdom of Bahrain has been successfully placed.
The initial size of the Sukuk offering was $500m, but the issue was oversubscribed by almost 8 times. As a result, the value of the Sukuk was raised to $750m.
Sh. Salman bin Isa [...]
‘We’ll fight to rescue park’
Central Municipal councillors yesterday pledged to stand their ground and continue battling against plans to build a private university in Salmabad on a land originally allocated for a public park.
They pledged to reject the project should it be presented to them because the sell-off had never been discussed with them.
The land, estimated to cover an [...]
Bahrain oil official reveals $20bn spending plans
The oil and gas affairs minister for Bahrain has said that the kingdom is planning to invest US$20 billion in the development of its hydrocarbons sector.
Bahraini newspaper the Gulf Daily News reported that Dr Abdulhussain Mirza said $15 billion would be spent developing the Bahrain oil field with another $5 billion being used to modernize [...]
Bahrain opens door to kingdom
With limited oil reserves and a population of just over one million people, the Kingdom of Bahrain faces a tough task in trying to attract international investors. But low inflation, an open society and the absence of restrictions on foreign ownership makes the island a perfect base from which to tap the region’s wealth, the [...]
Full StoryBubble trouble?
The real estate trade in Bahrain and across the Gulf is booming – but experts say it is a bubble waiting to burst. Investors in giant projects, speculators, individual home buyers and the banks that finance them could be badly caught out, according to Bahrain-based weekly business intelligence magazine The Gulf.
Banks may be making [...]
Bahrain Fund Looks Abroad for Growth
Overseas Holdings Expected to Increase To 50% From 5%
Bahrain’s sovereign-wealth fund plans to increase its overseas investments to make up about half of its portfolio, while also expanding its domestic investments, a senior Bahraini official says.
The comments from Mohammed Bin Essa Al-Khalifa, the chief executive of Bahrain’s Economic Development Board, suggest that the $10 billion [...]
Investing Abroad
Bahraini investors are increasingly looking overseas, particularly at Central and Eastern Europe, targeting investments in the transport, logistics, finance and real estate sectors.
One of the most active players has been the investment bank Arcapita, formerly known as First Islamic Investment Bank. According to recent media reports, Arcapita is on the verge of taking over [...]
Asset hunt
A push by Bahrain’s parliament for greater transparency in recording government assets could mean delays for the Kingdom’s main investment authority, which has announced plans to diversify its holdings.
Last November, a parliamentary committee was established to determine the extent of the government’s assets and investments, and to investigate whether there had been any abuse [...]
Developments Afield
Bahrain’s Gulf Finance House (GFH) will ring in the new year in style, putting the final touches to two multi-billion dollar deals in mid-December that will lock the company into major developments in North Africa and the Indian subcontinent.
On December 17, GFH unveiled plans for a new financial centre to be built in Tunisia, [...]
Batelco Getting Bigger
Bahrain’s telecom company Batelco is looking to further spread its wings and build on its already impressive portfolio of foreign investments.
The company has announced it will spend up to $4bn in the next two to three years on overseas acquisitions, on top of the $700m it has already invested in Jordan and Yemen.
However, at least [...]
